Funding
OpenAI has discussed raising money from Saudi Arabia, India’s Reliance Industries: The Information reports
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ChatGPT maker OpenAI has talked to Saudi’s PIF, India’s Reliance Industries and existing shareholder United Arab Emirates’ MGX about its $40 billion financing, The Information reported on Wednesday.
The investors could put in at least hundreds of millions of dollars each, the report said, citing people familiar with the fundraise.
OpenAI is looking to raise more funds to fuel its model development and ambitious infrastructure plan Stargate, with the financing led by SoftBank.
Earlier this year, OpenAI CEO Sam Altman met with India’s IT Minister and…
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